A decade ago, I might have been embarrassed to admit that I was raised on Marx and Marxism, but I am convinced that the left is coming back. Friedrich Hayek is going to be out; Friedrich Engels in. Larry Kudlow out; Larry Mishel in. And why is that? Because a severe global recession like this puts in relief the transient, fragile, and corruptible nature of capitalism, and the looming contradiction between what Marx called the forces and relations of production evidenced in unemployed engineers and boarded up factories and growing poverty amidst a potential for abundance. As capitalism itself--or at the least the vaunted miracle of the free market--becomes problematic, the left is poised for an intellectual comeback.